Category: Business
Dangote’s tomato processing factory shut down a second time
The Dangote tomato processing factory located in Kano has been shut down a second time after farmers engaged to supply the factory with raw materials [...]
Buhari disbands Osinbajo’s economic team, appoints Soludo, Rewane
President Muhammadu Buhari has replaced the Economic Management Team with an Economic Advisory Council, made up of Prof Doyin Salami as the Chairman. [...]
Nigerians spend $15bn on medical tourism – US physician
A US physician, Stephen Hunt, of the University of Pennsylvania has said Nigerian leaders and other individuals spend $15bn annually on medical touris [...]
We partnered with Tony Elumelu foundation to create opportunities in conflict prone regions – ICRC president
At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony Elumel [...]
NECA decries timing of new VAT, says it will render new minimum wage useless
The Nigeria Employers’ Consultative Association, NECA, has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executi [...]
FEC approves 7.2% as new VAT rate
The Federal Executive Council on Wednesday approved 7.2 per cent as new Value Added Tax, VAT rate for the country, up from the current five per cent. [...]
Why Nigerian borders will remain closed – Customs
Retired Col. Hameed Ali, the Comptroller General, Nigeria Customs Service (NCS), says Nigeria’s borders will remain closed until the country and its n [...]
Kaduna signs MoU with Danish company for milk production
Kaduna State government has signed a Memorandum of Understanding (MoU) with Arla Foods International, a company based in Denmark and makers of Dano mi [...]
MTN reopens offices after reprisal attacks
Some offices and service outlets belonging to MTN Nigeria have been reopened after a two-day closure, which was as a result of the telecommunications [...]
UBA delivers 21% growth in profit, 21.7% return on average equity
Africa’s leading financial institution, United Bank for Africa Plc, UBA, has announced its audited half year financial results for the period ended Ju [...]